Dow Jones Industrial Average surpasses 30,000
UPDATED 3:00 PM PT – Tuesday, November 24, 2020
The Dow Jones Industrial Average surpassed 30,000 points for the first time in history. The 30-stock Dow notched that new milestone early in Tuesday’s session.
Dow Jones Industrial Average hits 30,000 for the first time ever!
Congratulations America! pic.twitter.com/pQFRdxaIHL
— Ivanka Trump (@IvankaTrump) November 24, 2020
The recent record-setting rally came amid positive vaccine data. According to reports, AstraZeneca became the latest company to release data from its late-stage trials on Monday.
The drugmaker said those trials found the vaccine candidate to be more than 90 percent effective. Investors are optimistic a vaccine will accelerate the economic recovery.
On Tuesday, President Trump delivered remarks on the landmark occurrence.
Today, the Dow Jones average broke 30,000 for the first time in HISTORY!
— The White House (@WhiteHouse) November 24, 2020
“The Dow Jones Industrial Average just hit 30,000 which is the highest in history,” the President stated. “We’ve never broken 30,000 and that is despite everything that’s taken place with the pandemic. I’m very thrilled with what’s happened on the vaccine front…nothing like that has ever happened medically and I think people are acknowledging that.”
President Trump also noted that 30,000 is a sacred number.